Why did Apple ban MetaTrader?
The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines. Though, there hasn't been any formal explanation from the company. The MetaTrader ban has surprised traders, especially considering how convenient these platforms are for online Forex trading.
The official reason has not been disclosed but this unexpected move sparked varied speculations. One probable speculation is the increasing number of frauds being executed through the MT4 and MT5 app which prompted Apple to take quick and drastic action.
In September 2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected all markets, made headlines. Though the reasons for the decision were unclear, there was speculation that it was related to trading scams published in the iOS app store, impersonating popular trading platforms.
Technology giant Apple has relisted two MetaQuotes apps, MetaTrader 4 and MetaTrader 5, on AppStore after about six months of delisting them. This will again allow iOS users to download the two trading platforms from AppStore, and existing MT4 and MT5 users will receive app updates.
Back in September 2022, the technological giant Apple removed the mobile versions of the MT4 and MT5 from the iOS App Store due to alleged non-compliance with its review guidelines. This has taken the global trading community by surprise, and led to widespread confusion and doubt among traders and brokers alike.
MT4 will stay as long as Metaquotes makes its major returns with it and there is nothing available to substitute that cash flow.
If you want to trade stocks or options on MetaTrader, you'll have to do it outside the United States. Still, plenty of quality brokerage options exist for international traders who wish to use MetaTrader 5.
App versions of the popular PC electronic trading platforms are provided by MetaQuotes Software Corp., a Russian software company that also has registration offshore in Limassol, Cyprus.
We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to MetaTrader 4, including thinkorswim, eToro, E*Trade Web Platform, and Binance Broker.
Trading platforms MetaTrader 4 and MetaTrader 5 (known respectively as MT4 and MT5) have officially been reinstated on Apple's App Store and are once again available for download having previously been removed from the app store in mid-September 2023.
Did Apple remove MT4?
The MT4 platform was the most popular forex and CFD trading platform in existence, but was recently superseded by the birth of its more recent relative MT5. Much of the digital trading world was thrown into the dark when in late September, Apple made the decision to ban the download of MT4 and MT5 from the App Store.
Connect to hundreds of brokers and trade on currency markets from the MetaTrader 4 for iPhone or iPad! The mobile trading platform allows you to perform trading operations and analyze currency quotes using technical indicators and graphical objects.
On 24th September 2022, Apple removed the MT4 & MT5 app from the iOS App Store. New users can no longer search or download the application, and current users will not be able to perform any updates in future but can continue trading normally.
The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents. However, both apps were restored after a few months.
We found that US traders are offered four different platforms to trade from. This includes MetaTrader 4, the fully customizable OANDA Trade web and desktop platform and trading app.
The reason is alleged non-compliance with guidelines by the developers of the MetaTrader 4 mobile apps. Currently there is no way to install MT4 app on devices running Apple's iOS. If you're looking for a quality mobile app for trading on financial markets, WebTrader could be a suitable replacement.
The most often reason of a closed MT4 program, is due to an active multi-session Windows. So, in fact, the MT4 is not closed (on session 1) but it is opening on another session (session 1), while on the empty new session (session 2) it looks like MT4 is closed. Also check on the Tutorial >> “Multi-session on Windows”.
MetaTrader iOS – the MT4 and MT5 apps – have been removed from the App Store. The trading platform's desktop version is still available to download and the Google Play version hasn't been affected.
Vantage WebTrader, a web-based platform offers traders a convenient alternative to traditional downloadable trading software like MT4 and MT5. As a web platform, it can be accessed easily without the need to download any software, making it ideal for online brokers and traders who value speed and convenience.
Is MetaTrader 5 a Scam? To begin with, it should be clarified that MT5 itself is in no way a scam. As explained above, MT5 itself is simply a software application that allows traders to connect to trading platforms and facilitate transactions via computers.
Is forex legal in the USA?
Are Forex Brokers and Forex trading legal in the U.S.? Yes, forex brokers are legal in the U.S., but they must be registered with and regulated by the Commodity Futures Trading Commission (CFTC) and be members of the National Futures Association (NFA).
FOREX.com - Legally available to retail clients in the U.S. OANDA - Legally available to retail clients in the U.S. TD Ameritrade - Legally available to retail clients in the U.S. Interactive Brokers - Legally available in the U.S., but only to institutional clients.
These platforms are banned in India. In September 2022, India banned MT4 and MT5. It made an impact on the market. The reason for similar prohibitions in India was also unknown at the time.
It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.
Both MT4 and MT5 are the official versions created and distributed by MetaQuotes Software. The new MT5 version is considered to be superior for stock trading and order management, while the older MT4 platform is considered to be superior for forex trading.
